Old Mutual GI boosts commodities division

Old Mutual Global Investors (OMGI) has appointed Diego Parrilla to the newly created role of managing director, commodities. Parrilla (pictured) will primarily be charged with cultivating and promoting the firm’s recently launched £60 million (€70.3 million) gold and silver fund to institutional investors. He will also work with OMGI's management team to identify absolute return strategies across precious metals and commodities. The role is based in Singapore, and he will report to Paul Simpson, investment director at OMGI. Overall, Parrilla has nearly 20 years’ experience in the commodities field, including roles at Merrill Lynch, BlueCrest Capital Management, Goldman Sachs and JP Mogan. Richard Buxton, chief executive of OMGI, said the firm recognised precious metals have become an increasingly important asset class as investors look to hedge against the impact of market volatility and specifically the actions of central banks. Looking forward, Parrilla sees a “perfect storm” for the gold market horizon. “Central banks and global markets are testing the limits of monetary policy, credit markets, and fiat currencies, which in my view support a multi-year bull market for precious metals,” he said. OMGI manages assets of £22.1 billion as of March 31 this year. ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.



Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.